Spend Analysis Sped Up

With our spend analytics you can make more deliberate spending decisions, and gain instant insight into your spend analysis patterns.

20 Spend Analysis Lessons Learned From 20 Chief Procurement Officers

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Spending Analysis: From Chaos to Order

The Spend Analysis Struggle
is Real

Procurement teams struggle to make strategic spending decisions because spend analysis data is a complex and resource-intensive process involving spend analytics data collection, cleansing, categorization, analysis, and skilled talent. Turning chaos into order, spend analysis takes incredible effort from already overworked procurement teams.

Resulting in
Spending Blind Spots

Infrequent Analysis
Shallow Analysis
Inaccurate Answers
Inability to Respond to Business Queries
Expensive Outsourcing to Spend Consulting

Effortlessly Distill Your Spend Analysis Data  
Into Actionable Insights

“Truth, like gold, is to be obtained not by its growth,
but by washing away from it all that is not gold.” – Leo Tolstoy

SpendQube is like a filter for your spend data, distilling it into actionable insights. By ingesting data from any source, using pre-built supplier categorizations to automatically cleanse data, and using bespoke intuitive dashboards built by procurement leaders for procurement leaders, it helps you quickly and easily delve into answers to your most pressing procurement queries.

Examples of Spend Analysis Available

Procurement teams struggle to make strategic spending decisions because spend analysis data is a complex and resource-intensive process involving data collection, cleansing, categorization, analysis, and skilled talent. Turning chaos into order, spend analysis takes incredible effort from already overworked procurement teams.

Resulting in
Spending Blind Spots

Category Management
Department Spend
Regional Spend
Supplier Spend
Maverick Spend
Tail Spend
Savings Opportunities
Risk Analysis
Cash Flow Estimates
ESG Compliance
Filter by any field or category

Spend Analysis Primary Features

Use Any Data
Source

You can add data from any source to SpendQube. Our unique tagged data structure will allow data from disparate silos to be matched and analyzed together.

Financial System /
ERP Data

Pull data from any finance or ERP system that supports exporting of purchase data.

Accounting
Data

Accounting and GL data don’t always match your purchasing supplier data. SpendQube can pair and match equivalent fields.

3rd Party Supplier Information

Some of the data needed to provide insight aren’t collected in internal systems. SpendQube is flexible enough to match any data to your existing purchase data.

External ESG
Data

You can import any available CO2, Supplier Diversity, and other ESG data to get a holistic picture of your supplier compliance to your goals.

Advanced
Categorization

Take the guesswork out of ensuring your spend data is accurate. SpendQube uses 4.3 million data points vetted by procurement experts to ensure you get insights you can trust.

Auto Cleanse,
Auto Code

SpendQube is designed to help you auto-cleanse and code spend data. As you add more data it remembers previous categorizations and prevents supplier duplications.

Pre-Matched
Supplier Data

With 4.3 million supplier data points and growing, your existing data will be auto-enriched to ensure better accuracy and insight.

3 Levels of Spend Categorization

Suppliers are coded to 3 levels of categorization to give you a greater depth of analysis.

Expert
Review

During your initial setup and import of data, our procurement experts are ensuring everything is cleansed, coded, and matched for greater trust in your analysis.

Intuitive Interactive
Dashboards

Build your spend analytics dashboards to show you the information you need to make smarter decisions.

Insight Without
The Onslaught

SpendQube is built to UX design best practices, presenting data to you in usable blocks, without overwhelming you with screens full of superfluous data.

Drill Down to
Deepen Insight

Interactive dashboards and filters allow you to quickly drill down on any data point or graph to get more detail.

Fully
Configurable

The dashboards are fully configurable, and filterable by any field of data, allowing you to get the exact view you need to make better decisions.

Self Serve
Portal Access

Once your SpendQube is set up by our procurement experts you’ll have full access and control to dig into data and manage users without requiring expensive services.

Spend Analysis Additional Features

Custom
Visualizations

Our specialists will help you with mapping the supply chain, identifying vulnerabilities, developing contingency plans for potential disruptions, diversifying suppliers, and implementing risk mitigation strategies to ensure business continuity.

Supply Chain Risk Management

Our procurement experts are able to use their decades of experience to help you perform an in-depth risk analysis of your spend/suppliers and a priority list of actions to mitigate them.

Industry
Benchmarking

Get a snapshot of your level of risk compared to other firms in your industry by leveraging our team’s industry insight

Solutions

The Category Management Software Solution that is Accurate & Illuminating.

Capture Every Data Point In Your Category Management With Customizable and Flexible Supplier Taxonomy Definitions. SpendQube, your Category Management Software Solution.

Spend Analysis Sped Up

With our spend analytics you can make more deliberate spending decisions, and gain instant insight into your spend analysis patterns.

Risk & Compliance Management

Root out risky suppliers to maintain the steady flow of goods and comply with regulatory controls.

Tail Spend Management

Increase your tail spend visibility to improve your tail spend management viability.

ESG Reporting Software that helps you meet your Business CO2 & ESG Targets

Ensure compliance with business CO2 & ESG Targets & commitments and regulatory mandates by adding an ESG dimension to your spend analysis, and use SpendQube as your ESG Reporting Software.